Three Chevron service station and car wash facilities as well as one Jiffy Lube Service Center in San Diego, California.
Douglas Wilson Companies (DWC), agent for Receiver, controlled property management and operations oversight. DWC was also responsible for marketing the properties for sale.
DWC took possession and control of the properties and their operations. DWC performed a comprehensive financial analysis and implemented cash controls as well as a system of checks and balances to manage outflow of funds from the company’s bank accounts. This included resolving relationship concerns and settling debts owed to key suppliers, vendors and employees for pre-receivership operations. DWC arranged and supervised onsite inspections for each location and held regular meetings to appropriately communicate with the site managers. The three gas station properties contained hydrocarbon soil contamination. DWC coordinated all environmental remediation, engaged the appropriate third parties to investigate and perform the work, implemented the remediation work plan and successfully obtained “No Further Action” certifications from the County Department of Environmental Health.
The property was sold and the Receiver discharged.
Car Wash of America
Superior Court of the State of the State of California, San Diego County
San Diego, CA
Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.
1620 Fifth Avenue
San Diego, California 92101